**Musk vs Ethereum: Who will be the first to break the trillion-dollar mark?**

This is not a showdown of "individual hero vs technical protocol", but a contest between "option return rates" and "network adoption rates".

Tesla shareholders have approved Musk's multi-year options plan, which could see his personal wealth surpass $1 trillion once targets are met (a market value of $8.5 trillion + autonomous driving + the widespread adoption of humanoid robots). At the same time, the valuations of SpaceX and xAI are also skyrocketing—this guy's wealth growth equation is: Tesla shares (25% ownership) + SpaceX (target of $2.5 trillion) + xAI ($50 billion+).

Looking at Ethereum again: the current market value is only 40 billion USD, and even if it rises to 10,000 USD per coin (with a circulation of 120-125 million), the market value would only be 1.2-1.25 trillion – still less than Musk's individual assets.

**Data Benchmarking:**
- Conservative scenario: Musk's assets may reach 1.3-1.35 trillion dollars before 2035.
- Basic scenario: Tesla's market value exceeds 5 trillion + SpaceX 1 trillion, Musk's surpassing 1 trillion becomes a foregone conclusion.
- Optimistic Scenario: Tesla's market value of 8.5 trillion, Musk could reach "trillions level"

The key variable is regulation. The licensing for the commercialization of autonomous driving and the NHTSA safety review - these are not technical issues, but political ones. Interestingly, this "race" essentially reflects the collision of two logics of wealth accumulation: individuals achieving explosive growth through options leverage, vs networks realizing value accumulation through adoption.

The last question: do we want to see wealth concentrated in the hands of individuals, or dispersed among network participants?